The Muscovites scored a record number of mortgage


Photo: Igor Charsiew / “Kommersant”

The volume issued from January to July 2018 housing loans in Moscow has increased by 60 percent compared to the same period of 2017. It is reported RIA Novosti with reference to Deputy mayor for economic policy and property and land relations Natalia Sergunina.

The total number of contracts of sale of housing over the same period increased by 25.6 percent and reached a level of 81.5 thousand, he added. The number of trades is on the mortgage has increased in 1,7 times.

“The significant growth of mortgage (…) gives impetus not only to the construction and banking sectors. Following the increase of sales in new buildings there is an active development of the capital’s entrepreneurs spaces in new areas — retail, service, entertainment and other-oriented newcomers and increase their quality of life,” commented the news Agency the implications of record demand in the mortgage market, the head of Department of economic policy and development of the city of Vladimir Yefimov.

Earlier, the Director of the Institute of globalization problems Mikhail Delyagin in his own way explained the reason for the growth and activity of Russians in the market of credits and loans. According to the economist, the reason was that people no longer expect improvement of the economic situation. “A significant portion of the increase is the mortgage loans, — said Delyagin. — People in time of crisis, do not take loans, but seem to have given up hope of improvement. In General, it is a sign of lower standards of living, because we have manifested a huge stratum of people who have no credit can not hold out till payday even with regular work.”

Video, photo All from Russia.


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